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The derelict mansions on Britain’s ‘Billionaires’ Row’

February 27, 2014

The derelict mansions on Britain’s ‘Billionaires’ Row’

I produced this story for CNN.

A third of the houses on Britain’s second most expensive street are lying vacant, many abandoned for decades and left to rot.

Behind the padlocked gates and long driveways, up to 20 mansions stand empty on London’s The Bishops Avenue, despite a reported combined value of around £350 million ($582 million).

Dubbed “Billionaires’ Row,” the road’s average house costs over £6 million ($9.98 million), but many have been deserted by their wealthy owners.

Despite their dilapidated condition, the houses remain a safe place for wealthy foreigners to park their money because of London’s rocketing property prices, which rose 11% last year, and because of the road’s reputation as a magnet for the rich and famous.

Read my full story and see my slideshow on CNN

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